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China said to have okayed clean-up of online finance

Measures include curbs on activities of P2P lending firms: sources

Saturday, May 21, 2016 - 05:50

Beijing

CHINA'S government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals.